Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19675
Authors: 
Stahl, Harald
Year of Publication: 
2006
Series/Report no.: 
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,46
Abstract: 
This paper presents new evidence on the formation of producer prices. The database combines a one-time survey that was conducted in June 2004 on a sample of 1,200 firms in manufacturing and time-series information on price adjustment of the same firms from a business-tendency survey. The share of time-dependent price setters amounts to 20 per cent. Neither Taylor nor Calvo type price setting describes their price adjustment well. Only a few firms are forward-looking, the majority relies on contemporaneous and past information.
Subjects: 
Price rigidity
sticky information
survey data
JEL: 
E30
D40
Document Type: 
Working Paper

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